South Carolina Business Bill of Sale
South Carolina requires a bill of sale in common situations, such as when the title does not show the purchase price. Fill in the form below and download a free, one-page South Carolina business bill of sale PDF that includes everything the South Carolina Department of Motor Vehicles looks for, matching the fields on Form 4031. Nothing you type leaves your browser.
Seller
Buyer
Business details
Price and terms
How to sell a business in South Carolina
A business bill of sale transfers the tangible and intangible assets of a small business, such as equipment, inventory, furniture, the trade name, customer list and goodwill, from the seller to the buyer at closing. It is the document that goes with the purchase agreement and is what the buyer shows to banks, landlords and the state when the business changes hands.
Seller steps
- Confirm you hold clear title. If a lender is on the title, get the lien release before you list it.
- Agree on the price and fill in the South Carolina business bill of sale above with the buyer. Record the serial number.
- Both parties sign and each keeps a copy. South Carolina does not require a notary.
- Hand over any registration papers, manuals, receipts or health records that go with the business.
- Hand over the business and keep your signed copy of the bill of sale for your records.
Buyer steps
- Check the description against the business itself before you sign.
- Keep the signed bill of sale with your records; it is your proof of ownership and purchase price.
- If you bought it for a business, give the bill of sale to your bookkeeper for the asset record.
Before you sign
- Attach an inventory and equipment list as a schedule for anything beyond a one-line description.
- Say clearly whether the buyer assumes any debts, leases or contracts.
- Both parties sign in their capacity (owner, member, president) if an entity is involved.
- This is the bill of sale, not the purchase agreement. For a sale above a few thousand dollars, have a lawyer draft the purchase agreement and use this as the closing document.
Why a bill of sale matters for a business
- Transfers the assets at closing in one signed document.
- Lists exactly what is and is not included, which prevents post-sale fights.
- Needed to transfer the DBA, licenses, lease and utility accounts.
- Supports the buyer's asset basis for taxes and the seller's gain calculation.
Want both parties to walk away with a signed copy and a notary page ready? The $9 ready-to-sign pack adds them.
South Carolina at a glance
- Bill of sale
- Required in common cases
- Notary
- Notarization optional
- Official state form
- Form 4031
- Where the buyer registers
- South Carolina Department of Motor Vehicles (www.scdmvonline.com)
- License plates
- Stay with seller
South Carolina's Form 4031 bill of sale is required when the title does not show the purchase price, which the county uses for the infrastructure maintenance fee. Plates stay with the seller.
Checked October 2026 against the state's own guidance. Rules change; confirm before you file.
Other South Carolina forms
- South Carolina Vehicle Bill of Sale
- South Carolina Motorcycle Bill of Sale
- South Carolina Boat Bill of Sale
- South Carolina Trailer Bill of Sale
- South Carolina Firearm Bill of Sale
- South Carolina Mobile Home Bill of Sale
- South Carolina RV Bill of Sale
- South Carolina ATV / UTV Bill of Sale
- South Carolina Dirt Bike Bill of Sale
- South Carolina Golf Cart Bill of Sale
- South Carolina Jet Ski Bill of Sale
- South Carolina Snowmobile Bill of Sale
- South Carolina Scooter / Moped Bill of Sale
- South Carolina Equipment Bill of Sale
- South Carolina Tractor Bill of Sale
- South Carolina Horse Bill of Sale
- South Carolina Dog Bill of Sale
- South Carolina Livestock Bill of Sale
- South Carolina General Bill of Sale
Business Bill of Sale in other states
South Carolina business bill of sale questions
Is a bill of sale required to sell a business in South Carolina?+
South Carolina requires a bill of sale in common situations, such as when the title does not show the purchase price. South Carolina's Form 4031 bill of sale is required when the title does not show the purchase price, which the county uses for the infrastructure maintenance fee. Plates stay with the seller. South Carolina publishes Form 4031 for this; the PDF from this page carries the same information and is accepted alongside it.
Does a South Carolina business bill of sale need to be notarized?+
South Carolina does not require notarization. Two signatures are enough. If you want extra certainty, the ready-to-sign pack includes a notary acknowledgment page you can use anyway.
Does the buyer need to file a business bill of sale in South Carolina?+
No. Businesses are not titled or registered with the state, so there is nothing to file. The signed bill of sale is the ownership record; each party keeps a copy.
Is a business bill of sale the same as a purchase agreement?+
No. The purchase agreement sets the deal: price, terms, representations, non-compete. The bill of sale is the closing document that actually transfers the assets. Small deals sometimes use the bill of sale alone; larger ones should have both.
Does it transfer the LLC or corporation?+
No. This transfers assets. Selling the entity itself is a membership-interest or stock sale and needs different documents. Most small-business sales are asset sales.
Do I need to notify the state?+
Usually the DBA (assumed name) and any licenses or permits have to be reassigned or re-filed, and some states have bulk-sale notice rules. Check with the secretary of state and your accountant.